For the tresent time the level at 63.82 was tested with a low of 63.72 . The reversal has occurred at a level where it could be expected to take place. Now if there is a solid close above 67.53 the upside targets are 69.82 and 73.53.

There should be a rise, perhaps somewhat volatile, into the 12th of December if I have interpreted correctly.

Crude Oil Updates for December 2014